Liberty Star Summarizes Geochemical Results from Hay Mountain Drilling Program, SE Arizona [Yahoo! Finance]
LIBERTY STAR URANM METLS (LBSR)
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Source: Yahoo! Finance
the geochemical results of our recent drilling program at the Hay Mountain Property. The first hole, HM-23-01, drilled to 1500 feet collared in a downfaulted block of limestone. The vertically drilled hole did encounter two zones of epithermal quartz veining, roughly parallel to the core from 627' to 651' and from 802' to 912'. Both intersections reported gold values to 8PPB indicating that there is gold in the system at depth. Gold deposition in epithermal veins is not only controlled by chemistry, but also by pressure and temperature. The higher up in the system the fluids travel, the lower the pressure and temperature becomes, and the gold is left behind. This hole will be deepened, and additional angled holes will be drilled around it in the future to establish the width and grade of this gold system at depth. This mineralization is likely related to that seen on the Red Rock Canyon property. HM 23-01 did not produce any significant copper values. The second hole, HM-23-02 was
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